Can you make it big in Venezuela's solar market?

If the answer is yes, you can make it big in Venezuela’s budding solar market. Venezuela enjoys a healthy presence of residential and commercial solar equipment manufacturers and distributors. These entities specialize in a wide variety of equipment including, solar panels and inverters.

How many solar panels does Venezuela have?

As the country’s inaugural PV power plant, it contains more than 4,400 multicrystalline YGE Series solar panels. They are expected to generate over 1,400 megawatt-hours (MWh) per year, which is enough energy to power over 400 typical Venezuelan homes. The system began operating in May 2015.

Will Venezuela have a solar market in 2021?

In June 2021, Venezuelan authorities brought the first grid-connected photovoltaic system online. This project came in the wake of the Venezuelan government’s plan to build a prominent renewable energy capacity. Based on these new developments, there is no doubt that things are looking up for the Venezuelan solar market.

Does Venezuela have a solar system?

Fortunately, the increasing electricity demand forced the Venezuelan government to increase its renewable energy adoption efforts. As of 2019, Venezuela’s installed solar capacity stood at 5.32 Megawatts. In June 2021, Venezuelan authorities brought the first grid-connected photovoltaic system online.

What is Yingli's first solar power plant in Venezuela?

This power plant is Yingli’s first large-scale project in Venezuela: until recently, the Venezuelan market was concentrated in off-grid systems of 25 kilowatts (kW) and smaller, typically located in isolated regions. As the country’s inaugural PV power plant, it contains more than 4,400 multicrystalline YGE Series solar panels.

Who makes Yingli solar panels?

Yingli’s manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and solar panel assembly. Headquartered in Baoding, China, Yingli has more than 30 regional subsidiaries and branch offices and has distributed more than 13 GW solar panels to customers worldwide.